RMG may face shareholders class action - Breaking News - Business - Breaking News
RMG may face shareholders class action - Breaking News - Business - Breaking News: "Angry shareholders of troubled debt collector RMG Ltd may file a class action against the company, which cut 100 jobs on Friday.Creditors demanded to know why they had been reassured about RMG's financial position in February, only for it to go into administration last week.
A group of three major investors and about 15 smaller investors have joined forces and asked lawyers Maurice Blackburn Cashman to investigate the possibility of a class action against RMG.
Speaking after a creditors' meeting, Maurice Blackburn Cashman partner Bernard Murphy said the story they heard on Friday was very different to the one investors were told when the company had been raising funds." (Full article at link)
posted by Monkeyman @ 12:30 AM
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